Apparently the living wage is 7.50 GBP so if you work 8 hours 5 days a week the pay per week is 300GBP and 1200 GBP before tax and 14400 GBP per year before tax now after tax it is:
11520 GBP per year (tax being 20%)
960 GBP per month
192 GBP per week
6GBP per hour after tax
Now this is very low especially for London living.Apparently the minimum wage gives a minimum acceptable wage now that is easy to say for politicians but I just don't see how anyone can survive with such a low wage.For that sort of wage you would get a box room,food,travel pay and basics to survive.But barely any money left to save or spend how you would like.It is easy for politicians to set such low wages and call it acceptable yet they are probably living a fairly comfortable life I would love to see how they would make ends meet with such a small salary.
I have been fairly privileged and never experienced a life on a minimum wage but it does not mean that I think anyone should have such a low wage.
Another thing which outrages me is that the minimum wage is different for certain ages what gives someone the right to pay someone more for the same amount of work just because they are older.Also what gives someone that right to say that if you are younger you do not need as much money.If I work as hard and as long as someone else we deserve equal pay no matter the age or gender.
Your absolutely right, my dad has been working ever since he was 14, (im not even lying, its the whole point of me getting a job so that he can relax), he gets payed around £300 a week and works from 8am to 6pm, he doesn't get paid in holidays and he gets around £14400 a year without tax, the local mp (for labour) said that if he became mayor he would raise the minimum wage to £8.50. I think
who cares about the minimum wage its not like you would be working for i
Minimum wage is far too high. It artificially inflates the wages of low skill, low value individuals who deserve a lot less. Minimum wage should be scrapped. Let the free market decide.
Rather than complaining about low wages, take responsibility and do something about it. Work hard. Offer employers valuable skills. Or look to Donald Trump for inspiration. Set up your own business and become a wealth creator.
Great idea minimum wage...
Even better when you ensure a never ending supply of cheap labour to make sure millions never rise above it.
7.20/hour is not enough to live on.
7.20 - or even 7.50 - is good for when you're doing a part-time job stocking shelves or absent-mindedly scanning things. It requires minimal effort.
But a trained barista or an experienced waiter, those are jobs worth at least 8.00/hour, and that's what's needed if you have a family or a house you're paying off, when you are generally independent.
Oh, but why should we pay this 25 year old 7.50 when we can get an 18 year old to do it for 5.55?
The minimum wage is being misused. The idea is great but the execution is poor.